Asking price: £400,000

Sales revenue: £400,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This business has been extremely well managed and driven by its Directors since year 2000, from its current base in Birmingham, although the base of operations is shortly to move to Middlesex. The business was developed by the Managing Director from his lengthy and generic contacts within the same industry in Hong Kong. The daily operations of the company have been impressively simplified by its Directors, and all Warehousing and Dispatch are outsourced to a third party company.

The watches which are supplied wholesale to a wide variety of clients are manufactured by a company in Hong Kong with over 30 years experience. The company in question has sole UK distribution rights for the complete range of watches produced by this renowned and trusted supplier, which range from high-end designer products produced under licence, through a solid sterling silver range, to a childrens LCD (digital) range. The company also produces own brand products for a further 10+ well known High Street brands.

The company enjoys its great success through three very strong selling points. Firstly, the factory in Hong Kong will produce any style of watch with a minimum order of 100pieces. This allows a retailer to trial a single model or a collection in a small number of stores before committing to higher volumes. Secondly, as manufacturers not importers, their pricing is very competitive, often offering as much as 30% lower pricing for comparable styles. Thirdly, fast turn around of initial orders in just 45 days and repeat orders in 35 days or less reduce the amount of stock that needs to be carried by the retailer.

The company has enjoyed recent escalation of sales through the TV Shopping and Auction Channels, and with further marketing drive the company could easily increase turnover by 50 – 100% as has been shown in recent years figures. However, the Managing Director’s focus has been deflected by other business interests and he now feels that the time is right to hand over the baton of responsibility for what is a highly profitable and lucrative company.

The company expects to be marketing a range of designer sunglasses from a different manufacturer from June 2009, which will open further profit avenues for the future.

This offering will appeal to a wide variety of entrepreneurs and investors, and the business can be relocated to a location of your choice anywhere in the UK.

Key Opportunities:

Although the sales performance and profitability of the company are impressive, other avenues of further expansion exist through the big box stores and further exposure through the shopping channels.

Employees: The company currently employs only two full time staff including the Managing Director.

Trading hours: As necessary

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
The business currently operates from an office in a converted historic warehouse in Birmingham, for which it currently pays a rental of approximately £10,000 per annum.

Location
The business currently operates from an office in a converted historic warehouse in Birmingham, for which it currently pays a rental of approximately £10,000 per annum. As previously discussed the business is shortly to be relocated to Middlesex and in essence could operate from any location of your choice in the UK.

Competition / Market
The business has no need for conventional advertising and marketing due to its sector and business model. However, the company owns and maintains two Internet websites.

Support & training
Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling
Other Business Interests